PRESBYTERIAN HOMES INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PRESBYTERIAN HOMES INC (EIN 56-0564344)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-09-13
- IRS object ID
- 202532569349300108
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-13T08:53:57-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560571159 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERNARD ROBINSON & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 19608 | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 274199608 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560564344 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESBYTERIAN HOMES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 3368866553 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5603 NEW GARDEN VILLAGE DRIVE | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27410 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | K ALAN TUTTEROW | PersonNm |
| Person Title | EXECUTIVE VP & CO-CFO | PersonTitleTxt |
| Phone | 3368866553 | PhoneNum |
| Signature | 2025-09-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN M ROBINSON | PreparerPersonNm |
| PTIN | P01281319 | PTIN |
| Phone | 3362944494 | PhoneNum |
| Preparation | 2025-08-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIGHTSPIRE INC RIVER LANDING AT SANDY RIDGE SCOTIA VILLAGE PHI | BusinessNameLine1Txt |
| Business Name Line2 | MANAGEMENT SERVICES LLC PHI REHAB SERVICES LLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIMOTHY J WEBSTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5603 NEW GARDEN VILLAGE DRIVE | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27410 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $81,196,221 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 8627 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.BRIGHTSPIRE.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1942 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | THE VISION OF THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE IS TO CREATE AN INNOVATIVE, VIBRANT, AND DIVERSE CULTURE WHICH PROVIDES SECURITY AND ENHANCES QUALITY OF LIFE WHILE PROVIDING HOUSING AND SERVICE TO SENIOR ADULTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 1549 | TotalEmployeeCnt |
| Total Volunteers | 177 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,821,427 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,016,109 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $62,642,744 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $65,955,906 | CYProgramServiceRevenueAmt |
| PY Investment Income | $709,266 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,235,208 | CYInvestmentIncomeAmt |
| PY Other Revenue | $511,676 | PYOtherRevenueAmt |
| CY Other Revenue | $289,820 | CYOtherRevenueAmt |
| PY Total Revenue | $65,685,113 | PYTotalRevenueAmt |
| CY Total Revenue | $73,497,043 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,098,785 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,751,147 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $32,853,093 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,257,967 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $340,664 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $25,486,898 | PYOtherExpensesAmt |
| CY Other Expenses | $25,354,000 | CYOtherExpensesAmt |
| PY Total Expenses | $60,438,776 | PYTotalExpensesAmt |
| CY Total Expenses | $59,363,114 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,246,337 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $14,133,929 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $244,275,349 | TotalAssetsBOYAmt |
| Total Assets EOY | $262,843,503 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $152,518,383 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $146,486,113 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $91,756,966 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $116,357,390 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF THOSE WE SERVE. THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE PROVIDES SENIOR ADULTS WITH CARING AND HIGH QUALITY SERVICES IN SUPPORT OF THEIR PHYSICAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $45,369,258 | ExpenseAmt |
| Grant | $1,751,147 | GrantAmt |
| Revenue | $66,137,739 | RevenueAmt |
| Desc | THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE PROVIDES RESIDENTIAL ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 886 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY. | Desc |
| Total Program Service Expenses | $45,369,258 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 166 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1549 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RHONDA CUMMONS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3368866553 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5603 NEW GARDEN VILLAGE DRIVE | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27410 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| LORI HADDOCK | ||||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ALEXANDER L MAULTSBY | ||||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM C MCILWAIN | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LEIGH ANN KLEE | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID COULTER | ||||||||
| IMMEDIATE PAST CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUG BROWN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANGELA BUTLER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MAC DOUBLES | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BUBBA JUDY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CONNIE LASTER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| D HECTOR MCEACHERN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CORINNE NICHOLSON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE ROYAL | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BILL SMITH | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER B TAYLOR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| EDDIE WILLIFORD | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY WEBSTER | ||||||||
| ASSISTANT SECRETARY - CEO | 37.50 | Yes (X) | $631,310 | $0 | $36,275 | |||
| JULIA HANOVER | ||||||||
| ASSISTANT TREASURER - CFO | 37.50 | Yes (X) | $353,787 | $0 | $29,933 | |||
| CREIGHTON LOVVORN | ||||||||
| VICE PRESIDENT - COO | 37.50 | $430,890 | $0 | $31,687 | Yes (X) | |||
| MARK COLLINS | ||||||||
| VICE PRESIDENT - DIRECTOR | 37.50 | $259,930 | $0 | $25,910 | Yes (X) | |||
| THOMAS SMITH | ||||||||
| EXECUTIVE DIRECTOR-RIVER L | 37.50 | $264,558 | $0 | $27,511 | Yes (X) | |||
| ARNOLD THOMPSON | ||||||||
| EXECUTIVE DIRECTOR-FRIENDS | 37.50 | $249,538 | $0 | $33,171 | Yes (X) | |||
| LAURA LOWE | ||||||||
| DIRECTOR OF MARKETING | 37.50 | $258,540 | $0 | $10,356 | Yes (X) | |||
| TIFFANY ROBERSON | ||||||||
| DIRECTOR OF HEALTH SERVICE | 37.50 | $231,428 | $0 | $26,197 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,679,981 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $221,040 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TRINITY REHAB LLC | |||||
| 113 S RAILROAD AVE | DUNN | NC | 28334 | THERAPY | $2,806,089 |
| ID COLLABORATIVE ACQUISITION LLC | |||||
| 201 STATE ST | GREENSBORO | NC | 27408 | INTERIOR DESIGN | $1,113,979 |
| STEELE GROUP ARCHITECTS PLLC | |||||
| 560 STAFFORDSHIRE RD | WINSTON SALEM | NC | 27104 | INTERIOR DESIGN | $582,278 |
| J O F PAINTING LLC | |||||
| 101 WOOD HOLLOW DR | CARY | NC | 27513 | CONSTRUCTION | $491,218 |
| JOHNATHAN RYAN LOCKLEAR | |||||
| 241 ROSE ROAD | MAXTON | NC | 28364 | CONSTRUCTION | $383,891 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $3,016,109 | RelatedOrganizationsAmt |
| Total Contributions | $3,016,109 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RESIDENT SERVICE FEES | 623000 | $51,184,430 | $51,184,430 |
| AMORTIZED ENTRY FEES | 623000 | $8,773,239 | $8,773,239 |
| MANAGEMENT FEES | 623000 | $3,973,544 | $3,973,544 |
| ANCILLARY SERVICES | 623000 | $1,575,742 | $1,575,742 |
| FOOD SERVICE INCOME | 623000 | $448,951 | $448,951 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $65,955,906 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,674,674 | TotalRevenueColumnAmt |
| Exclusion | $2,674,674 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $107,987 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $107,987 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $107,987 | TotalRevenueColumnAmt |
| Exclusion | $107,987 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,259,712 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,699,178 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,560,534 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,560,534 | TotalRevenueColumnAmt |
| Exclusion | $1,560,534 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GOLF CLUB REVENUE | 623000 | $128,802 | $128,802 |
| MISCELLANEOUS REVENUE | 623000 | $46,159 | $46,159 |
| BEAUTY SHOP REVENUE | 623000 | $6,872 | $6,872 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $181,833 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73,497,043 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $66,137,739 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,343,195 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,751,147 | TotalAmt |
| Program Services | $1,751,147 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,901,022 | TotalAmt |
| Management And General | $2,901,022 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,583,141 | TotalAmt |
| Program Services | $20,456,230 | ProgramServicesAmt |
| Management And General | $3,866,864 | ManagementAndGeneralAmt |
| Fundraising | $260,047 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,124 | TotalAmt |
| Program Services | $444,020 | ProgramServicesAmt |
| Management And General | $80,693 | ManagementAndGeneralAmt |
| Fundraising | $10,411 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,286,777 | TotalAmt |
| Program Services | $53,072 | ProgramServicesAmt |
| Management And General | $2,233,371 | ManagementAndGeneralAmt |
| Fundraising | $334 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,951,903 | TotalAmt |
| Program Services | $1,511,690 | ProgramServicesAmt |
| Management And General | $421,601 | ManagementAndGeneralAmt |
| Fundraising | $18,612 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,049 | TotalAmt |
| Management And General | $36,049 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,820 | TotalAmt |
| Program Services | $15,030 | ProgramServicesAmt |
| Management And General | $61,790 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,914 | TotalAmt |
| Program Services | $93,914 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $275,130 | TotalAmt |
| Program Services | $153,306 | ProgramServicesAmt |
| Management And General | $121,824 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,037 | TotalAmt |
| Management And General | $222,037 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,773,222 | TotalAmt |
| Program Services | $3,577,852 | ProgramServicesAmt |
| Management And General | $1,149,447 | ManagementAndGeneralAmt |
| Fundraising | $45,923 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,221,969 | TotalAmt |
| Management And General | $1,220,217 | ManagementAndGeneralAmt |
| Fundraising | $1,752 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,816,307 | TotalAmt |
| Program Services | $4,802,413 | ProgramServicesAmt |
| Management And General | $13,894 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,974 | TotalAmt |
| Program Services | $102,999 | ProgramServicesAmt |
| Management And General | $54,209 | ManagementAndGeneralAmt |
| Fundraising | $1,766 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,868 | TotalAmt |
| Program Services | $87,629 | ProgramServicesAmt |
| Management And General | $65,559 | ManagementAndGeneralAmt |
| Fundraising | $680 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,698,125 | TotalAmt |
| Program Services | $6,680,392 | ProgramServicesAmt |
| Management And General | $17,733 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,061,919 | TotalAmt |
| Management And General | $1,061,919 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD COST | $3,497,835 | $3,385,342 | $112,493 | |
| PURCHASED MEDICAL EXPEN | $1,506,865 | $1,506,865 | ||
| BAD DEBTS | $916,328 | $916,328 | ||
| OTHER EXPENSES | $60,287 | $46,678 | $12,470 | $1,139 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$215,649 | TotalAmt |
| Program Services | -$215,649 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,363,114 | TotalAmt |
| Program Services | $45,369,258 | ProgramServicesAmt |
| Management And General | $13,653,192 | ManagementAndGeneralAmt |
| Fundraising | $340,664 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,882,419 | BOYAmt |
| EOY | $4,532,361 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,885,965 | BOYAmt |
| EOY | $3,285,067 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,593 | BOYAmt |
| EOY | $107,721 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $535,422 | BOYAmt |
| EOY | $351,172 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $252,425,895 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $96,274,274 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,824,801 | BOYAmt |
| EOY | $156,151,621 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,888,670 | BOYAmt |
| EOY | $81,463,649 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,981,000 | BOYAmt |
| EOY | $13,647,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,168,479 | BOYAmt |
| EOY | $3,304,912 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $244,275,349 | BOYAmt |
| EOY | $262,843,503 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,700,631 | BOYAmt |
| EOY | $8,366,021 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,462,547 | BOYAmt |
| EOY | $58,580,574 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,967,491 | BOYAmt |
| EOY | $77,660,098 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,387,714 | BOYAmt |
| EOY | $1,879,420 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,518,383 | BOYAmt |
| EOY | $146,486,113 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,747,201 | BOYAmt |
| EOY | $115,158,848 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,009,765 | BOYAmt |
| EOY | $1,198,542 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,756,966 | BOYAmt |
| EOY | $116,357,390 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $244,275,349 | BOYAmt |
| EOY | $262,843,503 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $14,133,929 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,722,709 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,256,214 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,441,475 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,930,891 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,895,901 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,821,427 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,016,109 | CurrentTaxYearAmt |
| Total | $12,105,803 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $51,273,882 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $53,605,835 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $55,417,188 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $62,642,744 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $65,955,906 | CurrentTaxYearAmt |
| Total | $288,895,555 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $53,715,357 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $56,536,726 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $57,313,089 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $64,464,171 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $68,972,015 | CurrentTaxYearAmt |
| Total | $301,001,358 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,058,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,688,075 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,895,901 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,821,427 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,016,109 | CurrentTaxYearAmt |
| Total | $10,479,814 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,058,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,688,075 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,895,901 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,821,427 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,016,109 | CurrentTaxYearAmt |
| Total | $10,479,814 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $290,521,544 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,534,386 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,454,764 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,177,116 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,663,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,782,661 | CurrentTaxYearAmt |
| Total | $11,612,664 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,534,386 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,454,764 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,177,116 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,663,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,782,661 | CurrentTaxYearAmt |
| Total | $11,612,664 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $216,652 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $117,129 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $198,914 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $412,942 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $181,833 | CurrentTaxYearAmt |
| Total | $1,127,470 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $55,466,395 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,108,619 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $60,689,119 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,540,850 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $71,936,509 | CurrentTaxYearAmt |
| Total | $313,741,492 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.92600 | PublicSupportCY509Pct |
| Public Support PY509 | 0.92990 | PublicSupportPY509Pct |
| Investment Income CY | 0.03700 | InvestmentIncomeCYPct |
| Investment Income PY | 0.03630 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GOLF CLUB REVENUE - 2019 AMOUNT: $ 29,763. 2020 AMOUNT: $ 39,613. 2021 AMOUNT: $ 74,234. 2022 AMOUNT: $ 83,830. 2023 AMOUNT: $ 128,802. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 153,714. 2020 AMOUNT: $ 40,067. 2021 AMOUNT: $ 73,613. 2022 AMOUNT: $ 273,427. 2023 AMOUNT: $ 46,159. BEAUTY SHOP REVENUE - 2019 AMOUNT: $ 33,175. 2020 AMOUNT: $ 37,449. 2021 AMOUNT: $ 51,067. 2022 AMOUNT: $ 55,685. 2023 AMOUNT: $ 6,872. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,947,754 | BeginningYearBalanceAmt |
| Contributions | $739,998 | ContributionsAmt |
| Investment Earnings Or Losses | $9,429,445 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,527,613 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $45,684 | AdministrativeExpensesAmt |
| End Year Balance | $46,543,900 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,500,236 | BeginningYearBalanceAmt |
| Contributions | $283,336 | ContributionsAmt |
| Investment Earnings Or Losses | $3,713,626 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $481,501 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $67,943 | AdministrativeExpensesAmt |
| End Year Balance | $38,947,754 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,151,131 | BeginningYearBalanceAmt |
| Contributions | $1,835,308 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,754,920 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,658,369 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $72,914 | AdministrativeExpensesAmt |
| End Year Balance | $35,500,236 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,283,454 | BeginningYearBalanceAmt |
| Contributions | $5,292,769 | ContributionsAmt |
| Investment Earnings Or Losses | $7,964,766 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,373,407 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $16,451 | AdministrativeExpensesAmt |
| End Year Balance | $43,151,131 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,236,960 | BeginningYearBalanceAmt |
| Contributions | $29,298,119 | ContributionsAmt |
| Investment Earnings Or Losses | $1,845,566 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,095,870 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $1,321 | AdministrativeExpensesAmt |
| End Year Balance | $31,283,454 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.84400 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.15600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,870,832 | OtherCostOrOtherBasisAmt |
| Book Value | $4,870,832 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $227,836,741 | OtherCostOrOtherBasisAmt |
| Depreciation | $85,273,101 | DepreciationAmt |
| Book Value | $142,563,640 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,795,904 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,598,505 | DepreciationAmt |
| Book Value | $4,197,399 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,922,418 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,402,668 | DepreciationAmt |
| Book Value | $4,519,750 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $156,151,621 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESERVES REQUIRED BY STATE STATUTE | Desc |
| Book Value | $13,647,000 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,647,000 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEPOSITS ON ADMISSION | $1,782,700 |
| RESIDENT CASH DEPOSITS | $96,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,879,420 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $80,807,287 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,722,709 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$5,412,465 | OtherRevenueAmt |
| Revenue Not Reported | $7,310,244 | RevenueNotReportedAmt |
| Revenue Subtotal | $73,497,043 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $73,497,043 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $56,206,863 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $56,206,863 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,156,251 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,156,251 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $59,363,114 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | ENDOWMENT EARNINGS ARE USED TO FUND VARIOUS PROGRAM SERVICE COSTS SUCH AS RESIDENT SUBSIDIES. |
| PART X, LINE 2: | THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE AND GLENAIRE, INC. ARE NONPROFIT ORGANIZATIONS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND THE PRESBYTERIAN HOMES FOUNDATION, INC. IS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2024. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2024 AND 2023. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INTEREST RATE SWAP -2,499,676. TRANSFER OF ASSETS BETWEEN COMMUNITIES 243,462. FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS -1,751,147. ALLOCATION OF EXPENSES - GLENAIRE INC AND PHI MANAGEMENT SERVICES, LLC -3,973,544. MANAGEMENT FEE ON PHI - PHI MANAGEMENT SERVICES, LLC 2,568,440. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS 1,751,147. ALLOCATION OF EXPENSES - GLENAIRE INC AND PHI MANAGEMENT SERVICES, LLC 3,973,544. MANAGEMENT FEE TO PHI - PHI MANAGEMENT SERVICES, LLC -2,568,440. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS | GrantTypeTxt |
| Recipient | 87 | RecipientCnt |
| Cash Grant | $1,751,147 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS TO HELP SUBSIDIZE RESIDENT MONTHLY AND MOVE-IN FEES. GRANT APPLICATIONS ARE MADE TO THE EXECUTIVE DIRECTOR AND SCHOLARSHIPS ARE DISCUSSED WITH THE PRESBYTERIAN HOMES INC MANAGEMENT TEAM. RESIDENTS ON SCHOLARSHIP ARE ASKED TO UPDATE THEIR FINANCIAL INFORMATION ON AN ANNUAL BASIS. THE ORGANIZATION'S ACCOUNTING DEPARTMENT TRACKS THE NEED AND USE OF THIS ASSISTANCE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMOTHY WEBSTER | ||||||||||||||
| ASSISTANT SECRETARY - CEO | $520,925 | $0 | $110,385 | $0 | $0 | $0 | $24,624 | $0 | $11,651 | $0 | $667,585 | $0 | $0 | $0 |
| CREIGHTON LOVVORN | ||||||||||||||
| VICE PRESIDENT - COO | $362,030 | $0 | $68,860 | $0 | $0 | $0 | $20,079 | $0 | $11,608 | $0 | $462,577 | $0 | $0 | $0 |
| JULIA HANOVER | ||||||||||||||
| ASSISTANT TREASURER - CFO | $302,529 | $0 | $51,258 | $0 | $0 | $0 | $18,495 | $0 | $11,438 | $0 | $383,720 | $0 | $0 | $0 |
| THOMAS SMITH | ||||||||||||||
| EXECUTIVE DIRECTOR-RIVER L | $229,220 | $0 | $35,338 | $0 | $0 | $0 | $16,270 | $0 | $11,241 | $0 | $292,069 | $0 | $0 | $0 |
| MARK COLLINS | ||||||||||||||
| VICE PRESIDENT - DIRECTOR | $220,530 | $0 | $39,400 | $0 | $0 | $0 | $14,680 | $0 | $11,230 | $0 | $285,840 | $0 | $0 | $0 |
| ARNOLD THOMPSON | ||||||||||||||
| EXECUTIVE DIRECTOR-FRIENDS | $217,930 | $0 | $31,608 | $0 | $0 | $0 | $21,964 | $0 | $11,207 | $0 | $282,709 | $0 | $0 | $0 |
| LAURA LOWE | ||||||||||||||
| DIRECTOR OF MARKETING | $225,420 | $0 | $33,120 | $0 | $0 | $0 | $8,665 | $0 | $1,691 | $0 | $268,896 | $0 | $0 | $0 |
| TIFFANY ROBERSON | ||||||||||||||
| DIRECTOR OF HEALTH SERVICE | $199,908 | $0 | $31,520 | $0 | $0 | $0 | $15,030 | $0 | $11,167 | $0 | $257,625 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY, VICE PRESIDENT OF OPERATIONS, EXECUTIVE DIRECTORS, AND DIRECTOR OF THE GOLF COURSE; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE BOARD MINUTES DOCUMENT THE BOARD APPROVAL OF THE ASSITANT SECRETARY'S COMPENSATION; OFFICER'S COMPENSATION PLAN; AND OVERALL WAGE BUDGET FOR ALL OTHER EMPLOYEES. |
| PART I, LINE 7 | SENIOR MANAGEMENT EARNS A BONUS BASED UPON COMPANY GOALS AND PERSONAL GOALS. THE BONUS POTENTIAL IS 10%- 30% OF WAGES AND THE 10% - 30% IS EARNED IN 20% INCREMENTS. THE 20% INCREMENTAL GOALS ARE NET OPERATING MARGIN, 5-STAR CMS RATING, INDEPENDENT LIVING AVERAGE DAILY OCCUPANCY, EMPLOYEE ENGAGEMENT AND A PERSONAL TARGET. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd | CUSIPCUSIPNum |
|---|---|---|---|---|---|---|---|---|
| NORTH CAROLINA MEDICAL CARE COMMISSION | ||||||||
| A | 521309402 | 2015-07-15 | $14,712,108 | REFUNDING OF PRIOR BONDS ISSUED | 0 | 0 | 0 | |
| NORTH CAROLINA MEDICAL CARE COMMISSION | ||||||||
| B | 521309402 | 2016-04-14 | $20,000,000 | CONSTRUCTION | 0 | 0 | 0 | |
| NORTH CAROLINA MEDICAL CARE COMMISSION | ||||||||
| C | 521309402 | 2016-09-29 | $82,512,334 | REFUNDING OF PRIOR BONDS ISSUED | 0 | 0 | 0 | 65821DVP3 |
| NORTH CAROLINA MEDICAL CARE COMMISSION | ||||||||
| D | 521309402 | 2020-10-01 | $188,437,120 | CONSTRUCTION | 0 | 0 | 0 | 65821DSX5 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $9,950,219 | $14,713,839 | $131,250 | $14,580,858 | 2003 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $14,759,148 | $20,021,546 | $170,944 | $19,829,056 | 2017 | 0 | 0 | Yes (1) | Yes (1) | $218,950 |
| C | $30,936,227 | $82,564,491 | $751,205 | $81,761,129 | 2003 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| D | $75,153,751 | $188,563,850 | $1,844,736 | $186,592,384 | 2023 | 0 | 0 | 0 | Yes (1) | $9,358,246 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| BB&T | ||||||||||||
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 11.000000000000 | Yes (1) | 0 |
| BB&T | ||||||||||||
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 11.000000000000 | Yes (1) | 0 |
| (no name) | ||||||||||||
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 22 | GLENAIRE INC PROVIDES ASSISTANCE TO RESIDENTS THROUGH REDUCED MONTHLY SERVICE AND MOVE-IN FEES; AND BY PARTICPATION IN MEDICAID. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PROVIDED TO EACH FINANCE COMMITTEE BOARD MEMBER PRIOR TO FILING. THE FINANCE COMMITTEE BOARD MEMBERS HAVE A QUESTION AND ANSWER PERIOD WITH MEMBERS OF MANAGEMENT AND VOTE TO APPROVE FORM 990. AFTER THE FINANCE COMMITTEE APPROVAL, FORM 990 IS ELECTRONICALLY SENT TO THE REMAINING BOARD MEMBERS. FULL BOARD APPROVAL OCCURS AFTER FORM 990 FILING. THE BOARD MINUTES INCLUDED DOCUMENTATION OF THE PROCESS AND DISCUSSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE BOARD MEMBERS ANNUALLY FOR REVIEW AND DATED SIGNATURE. BOARD MEMBERS AND MANAGEMENT UNDERSTAND THAT NO AGREEMENTS ARE ARRANGED TO CREATE A CONFLICT OF INTEREST. ANY NONCOMPLIANCE IS DISCUSSED AND NOTED IN THE BOARD MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE VICE PRESIDENT OF HUMAN RESOURCES COMPLIES COMPARABILITY DATA FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY, VICE PRESIDENT OF OPERATIONS, EXECUTIVE DIRECTORS AND DIRECTOR OF THE GOLF COURSE; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE BOARD MINUTES DOCUMENT THE BOARD APPROVAL OF THE ASSITANT SECRETARY'S COMPENSATION, OFFICER'S COMPENSATION PLAN, AND OVERALL WAGE BUDGET FOR ALL OTHER EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AT THE HOME OFFICE. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE ONLINE AT WWW.NCDOI.GOV. |
| FORM 990, PART IX, LINE 13 | THIS INCLUDES MISCELLANEOUS EXPENSES SUCH AS CORPORATE ALLOCATION, MAINTENANCE AND REPAIR, AND COST OF THERAPIES. |
| FORM 990, PART XI, LINE 9: | INTEREST RATE SWAP -2,499,676. TRANSFERS OF ASSETS BETWEEN COMMUNITIES 243,462. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| PHI MANAGEMENT SERVICES LLC | ||||||||
| 5603 NEW GARDEN VILLAGE DRIVE | GREENSBORO | NC | 27410 | MANAGEMENT SERVICES | NC | $2,568,440 | $14,241 | PRESBYTERIAN HOMES INC |
| PHI REHAB SERVICES LLC | ||||||||
| 5603 NEW GARDEN VILLAGE DRIVE | GREENSBORO | NC | 27410 | REHABILITATION SERVICES | NC | $0 | $803,615 | PRESBYTERIAN HOMES INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| GLENAIRE INC | ||||||||||
| 5603 NEW GARDEN VILLAGE DRIVE | GREENSBORO | NC | 27410 | 561739542 | CARE FOR THE ELDERLY | NC | 501(C)(3) | LINE 10 | PRESBYTERIAN HOMES INC | Yes (1) |
| PRESBYTERIAN HOMES FOUNDATION INC | ||||||||||
| 5603 NEW GARDEN VILLAGE DRIVE | GREENSBORO | NC | 27410 | 582004356 | SUPPORTING ORGANIZATION | NC | 501(C)(3) | LINE 12A, I | PRESBYTERIAN HOMES INC | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PRESBYTERIAN HOMES FOUNDATION INC | ||
| C | $3,016,109 | CASH PAID |
| GLENAIRE INC | ||
| O | $21,016,372 | CASH PAID |
| GLENAIRE INC | ||
| Q | $2,080,791 | CASH PAID |